How Hospitals Help Patients Finance Their Medical Expenses

One way that hospitals help their patients is in the area of patient finance. With medical costs as high as they are and many people without insurance, it becomes necessary for patients to have access to some way to pay for their medical bills. With that in mind, most hospitals will typically provide a few different options for their patients. Here are a few ways that hospitals help their patients finance medical expenses.

In-House Financing

Many times the hospital will have an in-house finance program for their patients to use. This does not require credit check or income verification. In many cases, this is just the de facto plan that takes place as a result of a patient not having enough money to pay all at once. They will just make a monthly payment to the hospital and slowly bring down the balance. Many times the hospital will do this without charging interest, if you set up a reasonable payment plan.

Medical Financing

If the hospital does not offer any in-house financing, they will usually outsource it to a few different options. Medical finance companies will allow you to apply for their financing programs through the hospital. You will be able finance the balance of the bill with a variety of different terms.

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